The Demand for a Monopolist's Output Is 6,000/(p + 3)²

question 28

Multiple Choice

The demand for a monopolist's output is 6,000/(p + 3) ², where p is its price.It has constant marginal costs equal to $6 per unit.What price will it charge to maximize its profits?

• A)$9
• B)$18
• C)$21
• D)$15
• E)$6

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